WHEREAS,
the Vint Hill Economic Development Authority (VHEDA) is a political
subdivision of the Commonwealth of Virginia created to redevelop the
closed military base formally known as Vint Hill Farms Station; and

WHEREAS, as part of the development of Vint Hill, the VHEDA will be
undertaking major construction projects including the building of roads,
installing utilities such as water and sewer lines, building storm water
ponds, installing erosion and sediment controls, building storm drain
systems and landscaping; and

WHEREAS,
the Board recognizes the VHEDA as a body politic and further recognizes
the benefits of the redevelopment of Vint Hill; and

WHEREAS,
the VHEDA desires to provide the Board with certain protections if
construction projects are delayed or abandoned; now, therefore, be it

RESOLVED by
the Fauquier County Board of Supervisors this 16th day of
August 2004, That the Chairman of the Board of Supervisors be, and is
hereby, authorized to execute a Memorandum of Understanding with the
Vint Hill Economic Development Authority authorizing the Authority to
post a blanket surety bond in an amount of $1,000,000 for the purpose of
ensuring that major construction projects, including the building of
roads, installing utilities such as water and sewer lines, building
storm water ponds, installing erosion and sediment controls, building
storm drain systems and landscaping, are properly bonded to ensure that,
should the VHEDA fail to install the required improvements, sufficient
funds are available to the County to ensure the construction and
completion of these public improvements.